(Company Uno) Inc. is a merchandiser that provided the following information:

Number of units sold		12,000
Selling price per unit	$		18
Variable selling expense per unit	$		1
Variable administrative expense per unit	$		2
Total fixed selling expense	$		19,000
Total fixed administrative expense	$		15,000
Beginning merchandise inventory	$		11,000
Ending merchandise inventory	$		25,000
Merchandise purchases	$		85,000

1. Prepare a traditional income statement.

2. Prepare a Contribution Format Income Statement.